We do have that breaking news right now. Let's get straight to Rick Santelli for more on that. Rick, take it away.Yes, this is our June read on CPI, the consumer price uh inflationary guide, and it is a little warmer than expected on year-over-year, but headline looks good. Up 3/10 as expected. That does follow up one10enth.Up 3/10 will be the second warmest of the year. January was the warmest at up half 1%. This is as expected but two ten hotter than the rearview mirror.If we strip out food and energy com ...

Canadian consumer prices accelerated for the first time in four months and underlying price pressures firmed, likely keeping the central bank from cutting interest rates later this month https://t.co/kc1Hk5aOoW ...

Monetary Policy - India's central bank will consider further interest rate cuts if inflation falls below its projection [1] - The central bank may also cut rates if growth comes under pressure in Asia's third largest economy [1] Economic Outlook - The Governor of India's central bank, Sanjay Malhotra, made the statement regarding potential rate cuts [1]

US Economic Policy & Federal Reserve - The White House is attempting to build a legal case to fire Federal Reserve Chair Jerome Powell for cause, citing mismanagement of a $2500 million renovation project at the central bank's headquarters [1] - The statute governing the Fed states that the Fed chair can be fired for cause, not at the president's discretion [1] - Trump's economic agenda has made it difficult for the Fed to lower interest rates, leading to political problems [1][6] - Replacing Powell with someone who lowers interest rates by 300 basis points could create a huge financial bubble [1] - An independent central bank is better for the long-term economy, as political pressure can lead to runaway inflation [1] Tariffs & Inflation - The market believes that Trump will chicken out on imposing tariffs [7][8][9] - Tariffs are attacks on the American people, increasing costs at Walmart, Target, and other places that rely on imported goods [10] - New tariffs on Brazil, including a 50% tariff, will raise prices on fish, meat, coffee, and machinery [4] - The case for cutting rates is non-existent, with core inflation projected at 3% year-over-year, above the Fed's 2% target [3] National Debt - The big beautiful bill (tax cut) is going to add $4 trillion to the debt, leading to more interest expense and budget deficits [12]

Rates for new 30-year loans are fluctuating in a narrow range just above the low reached two weeks ago. Rates for several other loan types are also wavering. https://t.co/7YGzFO7CEE ...

Let's bring in Samir Sana, Wells Fargo Investment Institute, head of global equities and real assets. Samir, good to have you back. Thanks for the time.Um, Alen, all this talk about tariffs, are are you in sort of a waiting mode to see if and when this does hit or create some degradation in the macro. Not really. I mean, look, at the end, you know, end of the day, at least for us, it's it's a direction of travel, right.And so, if you look at the start of the year, we basically had dimminimous tariffs, and w ...

City Croup, a US equity strategist Scott Croner's with us at Post9 as we get set for earnings season to kick into higher gear. Good to see you, Scott. Welcome.Great to be here, Carl. Um, is the market really just focused on on Q2 earnings. Well, I think it's focused on Q2 earnings, but I actually think it's increasingly focused on the follow through and the aftermath of tariffs and other policy news in terms of what it means for 2026.As we go in the back half of the year, you usually flip forward on the cal ...

Economic Activity - Brazil's economic activity experienced a larger-than-expected drop in May [1] - High interest rates are beginning to impact Brazil's economy [1] Regional Impact - The economic slowdown is affecting Latin America's largest economy [1]

Core Viewpoint - The iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) has shown a positive performance since April 2024, increasing from approximately $91 to around $100 per share, indicating a bullish trend in long-term treasury bonds [1]. Group 1 - The ETF was trading at about $91 per share in April 2024 and has since risen to around $100 per share, reflecting a significant appreciation in value [1]. - The investment strategy employed focuses on strategic buying opportunities, particularly in dividend and value stocks, which has contributed to a strong performance rating on platforms like Tipranks.com [1]. - The analyst has a beneficial long position in TLT, indicating confidence in the ETF's future performance [1].

Trade War & Tariffs - US President threatens 30% tariffs on EU and Mexico if better trade terms are not agreed by August 1 [1][4][46] - Brussels delays retaliatory tariffs while negotiations with the US continue [1][46] - A 30% tariff rate could disrupt trade between the EU and US [12][77] - EU is considering engaging with other nations hit by US tariffs to counter the threats [9][76] - The EU Foreign Ministers are meeting to discuss progress on trade talks [76][78] Market Impact & Economic Outlook - Stocks fall as trade war escalates, with investors bracing for data on tariff impacts [1][46] - European markets are down, impacted by the possibility of European tariffs going up to 30% on August 1 [3][12] - A 30% tariff could be a "real challenge" for European manufacturers and could tip the Euro Zone into a recession [13][14][15] - Germany's growth is already flat, and a 30% tariff could lead to negative growth [16] Monetary Policy & Fiscal Policy - Markets are focused on the physical outlook, with Germany having a solid footing with debt GDP around 65% [19] - There is a likelihood of a more dovish shift from the ECB due to the risks around growth and weakening trade relationships [25] - The market is underpricing the risk of the Fed chair being forcibly removed or dismissed [93] China's Economy & Trade - China's export growth has accelerated, driven by demand and helped by the trade war truce with the US [28] - China had a $590 billion surplus in the first theft of the year, which will help drive growth [28] - Companies worldwide are trying to buy as much Chinese products as they can due to price deflation [31] Panama & International Relations - Panama was removed from the EU's list of high-risk regimes [33][34] - Panama's relationship with the US is "very good," with close cooperation on commerce and security [36][37] - There is "no Chinese influence" in Panama or the Panama Canal [38][39][40] Renewable Energy & India - India is making strides in clean energy to reduce reliance on fossil fuels, which account for 5% of GDP in imports [55] - The Indian clean energy sector is mostly domestically focused, with a 6% annual growth in the electricity system [57] - The Indian government is taking a strategic view to localize the manufacturing of clean energy equipment [62][63]